Héroux-Devtek signs a preferred supplier agreement exceeding $115 million CAD with Messier-Dowty to manufacture new landing gear components



    LONGUEUIL, QC, Nov. 22 /CNW Telbec/ - Héroux-Devtek Inc. (TSX : HRX) a
leading Canadian manufacturer of aerospace and industrial products, today
announced that its Landing Gear Division has signed a preferred supplier
agreement with Messier-Dowty. This strategic agreement is accompanied by
orders to manufacture major landing gear components currently estimated in
stated Canadian currency at more than $115 million over the next 10 years.
    The agreement calls for Héroux-Devtek to manufacture these components for
three large commercial aircraft programs. Production of these complex
components will require an investment of $16 million over the next two years
in ultra-modern and highly-automated equipment. Deliveries will begin in
calendar 2008 and a full production ramp-up is anticipated over an 18-month
period.
    "Héroux-Devtek is pleased to demonstrate its ability and commitment to
support Messier-Dowty's growing requirements," said Martin Brassard,
Vice-President and General Manager of Héroux-Devtek's Landing Gear Division.
"We are very excited to perform such new value-added work on these successful
programs with an industry leader like Messier-Dowty."
    "Messier-Dowty is a very important player in the industry," stated Gilles
Labbé, President and Chief Executive Officer of Héroux-Devtek. "This contract
definitely strengthens our relationship and is the result of our
competitiveness and solid reputation. We are looking forward to broaden the
scope of our service and product offering with Messier-Dowty and to jointly
benefit from the strong order books of the new programs in which we will
participate."
    Pascal Sénéchal, Chairman and Chief Executive Officer of Messier-Dowty
added: "In signing this long-term agreement with Héroux-Devtek, Messier-Dowty
will be able to offer its customers additional capacity, while ensuring a high
level of quality and responsiveness. Building such partnerships with key
suppliers is a cornerstone of our supply chain development strategy."

    About Héroux-Devtek

    Héroux-Devtek (TSX: HRX), a Canadian company, serves two main market
segments: Aerospace and Industrial Products, specializing in the design,
development, manufacture and repair of related systems and components.
Héroux-Devtek supplies both the commercial and military sectors of the
Aerospace segment with landing gear systems (including spare parts, repair and
overhaul services) and airframe structural components. The Company also
supplies the industrial segment with large components for power generation
equipment and precision components for other industrial applications.
Approximately 70% of the Company's sales are outside Canada, mainly in the
United States. The Company's head office is located in Longueuil, Québec with
facilities in the Greater Montreal area (Longueuil, Dorval, Laval and
Rivière-des-Prairies); Kitchener and Toronto, Ontario; Arlington, Texas and
Cincinnati, Ohio.

    About Messier-Dowty

    Messier-Dowty, a SAFRAN Group company, is the world leader in the design,
development, manufacture and support of landing gear systems. Messier-Dowty
landing gears are in service on more than 19,500 aircraft making over 35,000
landings every day. The company supplies 33 airframe manufacturers and
supports 2,000 operators of large commercial aircraft, regional and business
aircraft, military aircraft and helicopters. Messier-Dowty & MRO affiliate
Messier Services together employ approximately 4,300 people in 14 sites in
France, the United Kingdom, Canada, Singapore, China and the United States.

    Forward-Looking Statements

    Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of the Company. These statements are based on suppositions
and uncertainties as well as on management's best possible evaluation of
future events. Such factors may include, without excluding other
considerations, fluctuations in quarterly results, evolution in customer
demand for the Company's products and services, the impact of price pressures
exerted by competitors, and general market trends or economic changes. As a
result, readers are advised that actual results may differ from expected
results.




For further information:

For further information: Héroux-Devtek Inc.: Gilles Labbé, President and
Chief Executive Officer, (450) 679-3330; Martin Brassard, VP, General Manager,
Landing Gear Division, (450) 679-5450; MaisonBrison: Martin Goulet, CFA, (514)
731-0000

Organization Profile

Héroux-Devtek Inc.

More on this organization

MaisonBrison Communications

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890